Jingrui Holdings: Severe revenue decline, deepening losses, and material going concern risks flagged by auditor
· Issued by Jingrui Holdings Ltd.
Revenue fell 76.2% year-over-year to RMB586.8 million, with a net loss of RMB2,112.1 million and deepening liquidity and going concern risks. Contracted sales and property deliveries declined sharply, while the auditor issued a disclaimer of conclusion due to material uncertainties.
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